House price search
Enter your postcode here to find out how much your property is worth, based on Land Registry data.
RSS Feed
Daily news archive
Outsource compliance
12 June, 2008
A new compliance service has been launched, The Compliance Alliance, designed to support DA firms, packagers and networks that wish to outsource their compliance administration.
Home Buyer Systems’ Compliance Alliance offers a two-tier service comprised of a core service providing the basic compliance essentials, together with a range of optional ad hoc specialist services. The core service includes access to a library of compliance documents; telephone and email help desk; quarterly regulatory bulletins; pre- and post-FSA visit guidance; financial promotions guidance and guidance on completion of RMAR. Guidance is available to those firms who are seeking DA status.
The specialised compliance services include: TCF monitoring and reports; remote case checking, tailored site visits and audits; complaints handling; management reports; adviser training and induction; RMAR filing, and many more.
Costs for the core service are set at 2% of annual turnover payable on a monthly basis, with a minimum monthly fee of £100 and a maximum of £595. Specialised services are charged on the basis of time spent.